SGX Clears US Regulatory Hurdle for Bitcoin and Ether Futures

The Singapore Exchange (SGX) has cleared a regulatory hurdle allowing US institutions to trade its bitcoin and ether futures, a move expected to reshape how American money flows into Asian crypto markets.

SGX obtained authorization from the U.S. Commodity Futures Trading Commission under Regulation 48.10, enabling US institutional investors to directly access its SGX bitcoin and ether perpetual futures without registering as a US exchange.

The approval marks a significant shift for the derivatives market, which has grown steadily since its debut in late November 2025. The exchange's crypto perpetual futures have processed $5.8 billion in cumulative traded volume, with bitcoin dominating activity, accounting for 66% of open interest and 83% of daily trading volume.

SGX uses margin calls and collateral top-ups instead of auto-liquidations when positions move against a trader, and excludes stablecoins as acceptable collateral to reduce risk. The exchange plans to launch dated futures and options for bitcoin and ether as its next product step.